5 mei 2024 om 15:57 Update: 1 uur geleden
iPhone maker Foxconn saw revenues rise significantly last month, reaching the highest level ever for the month of April. Turnover rose by 19 percent to 14.8 billion euros, the Taiwanese company announced on Sunday.
As a result, market experts’ expectations for iPhone sales may be adjusted upwards.
The group expects further sales growth in the current second quarter. Foxconn, also known as Hon Hai Precision Industry, has a huge iPhone assembly complex in the Chinese city of Zhengzhou. The majority of iPhones are assembled by this company.
Apple struggled with declining iPhone sales in the first quarter of this year. The American company’s smartphone faced competition from Huawei, among others, in the Chinese market. iPhone sales fell by 10 percent.
According to Foxconn, the server branch also showed “strong growth” in April, due to the rise of AI (artificial intelligence). The group also makes servers for other companies. Foxconn will announce its full quarterly results on May 14. In the first quarter, the electronics company’s turnover fell by almost 10 percent.
On Saturday it was announced that super investor Warren Buffett has significantly reduced his stake in Apple. According to the 93-year-old American, the value of his stake in Apple fell by 22 percent last quarter to $ 135.4 billion. The figures seem to indicate a turnaround in the investment choices of Buffett, who has been known for years as a major investor in Apple. The multi-billionaire has also long praised the iPhone maker’s dominant and leading position in the smartphone market.
